RadioShack Warns of Shortfall

Updated Dec. 16, 2005 9:08 a.m. ET

RadioShack Corp. said it is "unlikely" to meet its fiscal 2005 earnings forecast because of weaker-than-expected sales of wireless products and high-margin products such as batteries. The No. 3 U.S. consumer-electronics retailer said overall sales through November have grown, but the gains were driven by lower-margin products such as MP3 music players. In August, RadioShack reached deals with Cingular Wireless and Sprint Nextel Corp. to be wireless providers in its stores. Cingular replaced Verizon Wireless but RadioShack already carried Sprint products. Radio Shack previously forecast earnings between...